Singamas Container Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2019. The Group is currently expected to report a consolidated net loss of at least USD 95,000,000 for the year ended 31 December 2019 (including non-recurring losses of at least USD 25,000,000), compare to the consolidated net profit of USD 72,252,000 (including a one-time gain of approximately USD 65,604,000 from the disposal of Hui Zhou Pacific Container Co. Ltd.) attributable to owners of the Company for the year ended 31 December 2018. The expected decline in performance for the year ended 31 December 2019 is primarily attributable to the trade tension between the United States of America and the People's Republic of China which affects the global trade volume. With a soft demand in new container and an intense competition in the market, the average selling price of a 20' dry freight container dropped substantially as compared with the preceding year, which affected the performance of the Group.